Good News for Home Buyers and Home Sellers

Home buyers and sellers - the time for hesitation is over for both of you. Home sales are rising and inventories are shrinking. And even though home values fell dramatically in the last few years, the good news is that houses are now more affordable than they have been at any time during the last twenty years.

If you are in the market for a new home, NOW is the time to make your move. As the market recovers, the scales are still tipped in your favor. There are still many "distressed properties" (foreclosures and short sales) on the market, and other homeowners are entering the selling field as improving conditions increase their confidence.

You can still expect competition for lower end, entry-level homes. But demand is softer in the middle to upper-end property market, so you could be in a stronger bargaining position in those two tiers.

If you're a home seller, don't be alarmed by the good news for buyers. Buyer confidence and strength makes it more likely that you'll enjoy a sale. Just don't try to compete against short sales and foreclosures when you're pricing, though, because that's a tough game to win.

Instead, complete any needed repairs, get your home into great showing condition, and emphasize your home's strengths and features. We're in an interesting transitional phase where both home buyers and sellers can be winners with the right attitude and representation.

Mike Morgan
Team Morgan, Coldwell Banker
"For Every Move You Make"

Whether you want to buy or sell a home in Miami, Palmetto Bay, Pinecrest, Dadeland Walk, South Miami, Coral Gables or Cutler Bay, you can depend on the Morgan team of realtors to assist you every step of the way during your real estate transaction.